NKX

NKX — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($12.85)
DCF$-3.39-126.4%
Graham Number
Reverse DCFimplied g: 30.7%
DDM$18.75+45.9%
EV/EBITDA

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $14.72M
Rev: — / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-3.39
Current Price$12.85
Upside / Downside-126.4%
Net Debt (used)$436.52M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-3.35$-2.35$-1.18$0.17$1.73
8.0%$-4.23$-3.43$-2.49$-1.40$-0.15
9.0%$-4.85$-4.17$-3.39$-2.49$-1.46
10.0%$-5.29$-4.72$-4.06$-3.29$-2.41
11.0%$-5.64$-5.14$-4.56$-3.90$-3.14

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.78
Yahoo: $11.56

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$12.85
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$12.85
Implied Near-term FCF Growth30.7%
Historical Revenue Growth
Historical Earnings Growth
Base FCF (TTM)$14.72M
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $0.91

Results

DDM Intrinsic Value / share$18.75
Current Price$12.85
Upside / Downside+45.9%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $436.52M

Results

Implied Equity Value / share$-8.31
Current Price$12.85
Upside / Downside-164.7%
Implied EV$0